Aircraft Survivability Equipment Market is predicted to reach USD 4.9 billion at a CAGR of 5.20% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global Aircraft Survivability Equipment Market” that contains information from 2022 to 2030. The Aircraft Survivability Equipment Market is estimated to register a CAGR of 5.20% during the forecast period of 2020 to 2030.
MRFR recognizes the following companies as the key players in the Aircraft Survivability Equipment Market— Elbit Systems Ltd., Terma A/S, Ruag Holding AG, BAE Systems, Northrop Grumman, Chemring Group, Israel Aerospace Industries, Thales Group, Raytheon, and Saab AB.
The Aircraft Survivability Equipment Market is accounted to register a CAGR of 5.20% during the forecast period and is estimated to reach USD 4.9 Billion by 2030.
Aircraft Survivability Equipment (ASE) refers to a set of advanced systems, technologies, and equipment designed to enhance the survivability of military and sometimes civilian aircraft in hostile and challenging environments. The Aircraft Survivability Equipment Market encompasses the production, distribution, and sale of these specialized tools and technologies to defense organizations, aviation companies, and other relevant entities.
The primary objective of Aircraft Survivability Equipment is to protect aircraft and their crew from various threats, such as anti-aircraft missiles, surface-to-air missiles, anti-aircraft artillery, radar-guided and infrared-guided threats, electronic warfare, and other forms of enemy attacks. The market can be influenced by factors such as geopolitical tensions, technological advancements, defense budgets, and the evolving threat landscape.
The Aircraft Survivability Equipment Market has been segmented based on sub system and platform type.
On the basis of sub system type, the market is segmented into electronic attack and electronic support. The electronic support segment senses the threats its demand will drive the growth of the market.
Based on platform type, the market has been segmented into combat helicopter, special mission, combat aircraft and UAV. The combat aircraft segment holds the highest Aircraft survivability equipment share because of Growing threats that have paced up the need for Aircraft survivability equipment.
The Aircraft Survivability Equipment Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Aircraft Survivability Equipment Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Aircraft Survivability Equipment Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Aircraft Survivability Equipment Market comprises of Middle East, Africa, and Latin America.
North America, particularly the United States, is a significant market for ASE due to its large defense budget and technologically advanced military. The demand for ASE is driven by the need to enhance aircraft survivability in modern warfare scenarios.
European countries have a significant focus on defense modernization and enhancing their military capabilities. The demand for ASE is driven by the need to adapt to evolving threats and improve aircraft survivability.
The Asia-Pacific region is experiencing increased defense spending and military modernization. Countries like China, India, South Korea, and Japan are investing in advanced ASE to enhance their air force capabilities. The region is adopting both imported and indigenous ASE technologies, with an emphasis on radar and missile warning systems.
Furthermore, the rest of the world's Aircraft Survivability Equipment Market is divided into the Middle East, Africa, and Latin America. While defense spending in Latin America is relatively lower compared to other regions, the need for ASE to counter drug trafficking, insurgency, and other security challenges exists. Regional security concerns and the need for improved law enforcement capabilities drive the demand for ASE solutions.
Key Findings of the Study